Michael Kors to focus on quality after sales dip
08/02/2017
Leathergoods brand Michael Kors reported revenue of $1.35 billion in the third quarter of the 2016/17 fiscal years, a 3.2% decrease on the same period last year. This came off the back of a 6.9% dip in comparable sales, a much larger drop than the brand had expected. Retail sales increased 9.2% to $836.7 million, but this was driven primarily...